The Wall Street Journal, Online.WSJ.com, November 19, 2013
Primerica Concert Funds to Continue Investment in AGF Funds
AGF Investments Inc., (AGFI) and PFSL Fund Management Ltd., and PFSL Investments Canada Ltd., today announced the six-year extension of their Fund of Funds relationship agreement. The two organizations have been working together since 1986.
Under the extended agreement, in which both parties have been operating since 2006, PFSL, the trustee and investment fund manager of Primerica Concert Funds, will continue to invest directly in a tailored group of AGF Funds. The AGF-Primerica relationship was also strengthened by an additional agreement solidified in October of 2012, which supports the Primerica Common Sense Funds. AGF will continue to support the needs of over 10,000 of Primerica's representatives.
"We are proud of our association with AGF which began more than two decades ago," said Glenn Williams, President, Primerica, Inc. "This unique relationship led to the launch of the Primerica Concert Series of Funds in 1997. This extension solidifies the commitment of two great companies working toward ensuring the financial success of Canadian families."
For over 55 years, AGF has remained one of the largest independent global investment management firms. With similar company roots, Primerica, the largest independent financial services marketing company in North America, shares in AGF's mission of helping Canadian investors reach their financial goals.
With the reaffirmation of this agreement, both AGF and Primerica will continue to deliver on their commitment to providing investment management excellence and superior client service.
"With a strong track record and impressive distribution channel, Primerica represents an enduring and important relationship and we are very pleased to extend our agreement," said Blake C. Goldring, Chairman and Chief Executive Officer, AGF Management Limited. "For more than 20 years, AGF and Primerica have shared common values and an unwavering focus on helping clients reach their financial goals. We look forward to our continued relationship."
ABOUT AGF MANAGEMENT LIMITED
AGF Management Limited is one of Canada's premier independent investment management firms with offices across Canada and subsidiaries around the world. AGF's products include a diversified family of award-winning mutual funds, mutual fund wrap programs and pooled funds. AGF also manages assets on behalf of institutional investors including pension plans, foundations and endowments as well as for private clients. With approximately $37 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.
Primerica, Inc., headquartered in Duluth, GA, is a leading distributor of financial products to middle income households in North America. Primerica representatives educate their Main Street clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. In addition, Primerica provides an entrepreneurial full or part-time business opportunity for individuals seeking to earn income by distributing the company's financial products. We insured more than 4 million lives and had over 2 million client investment accounts at December 31, 2012. Primerica stock is included in the S&P MidCap 400 and the Russell 2000 stock indices and is traded on The New York Stock Exchange under the symbol "PRI".